This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In perfect competition, the condition that ensures that the right things are produced is (Read 50 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
on: Apr 19, 2019

Question 1

Under perfect competition, the efficient level of output is produced because


◦ government regulates the output level that must be produced.
◦ firms earn only a normal profit in the long run.
◦ firms can earn an economic profit in the long run.
◦ price equals marginal cost.

Question 2

In perfect competition, the condition that ensures that the right things are produced is


◦ MU
X = 
P
X.
◦ P = 
MC.
◦ P = 
ATC.
◦ MRPL = 
ATC.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by big1devin on Apr 19, 2019

stallen

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


big1devin

  • Hero Member
  • *****
  • Posts: 583
Reply #2 on: Apr 19, 2019
TY


stallen

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

A horse and rider in dressage competition at the Olympics A horse and rider in dressage competition at the Olympics
Man undergoing a stress test on a treadmill while physician monitors his condition Man undergoing a stress test on a treadmill while physician monitors his condition
Sexual swellings are one way for females to advertise their mating availability, thereby inducing ma Sexual swellings are one way for females to advertise their mating availability, thereby inducing ma
Peter Fischli and David Weiss, Der Lauf der Dinge (The Way Things Go). Peter Fischli and David Weiss, Der Lauf der Dinge (The Way Things Go).
Peter Fischli and David Weiss, Der Lauf der Dinge (The Way Things Go). Peter Fischli and David Weiss, Der Lauf der Dinge (The Way Things Go).
Exercise about living things Exercise about living things
Video: Glomerular filtrate rate: pressures that affect GFR, NFP & GFR and blood composition

For a complete list of videos, visit our video library